Here's What Will Happen To Commodity Prices Next Year

Amid an uncertain outlook for the global economy, Morgan Stanley outlined earlier this month what will happen to 18 of the world's most important commodities next year.

"We prefer relative-value trades and commodities that perform well in low-growth environments," wrote analysts led by Hussein Allidina. "However, we also believe that commodities with constrained supply will remain compelling."

Their winners? Gold and livestock.

But there are many more commodities trades that aren't looking so hot.